The euro versus the dollar continues trading around the key resistance level at 1.4250, where we expect it to gain the required momentum to support the expected downside intraday move for today. We still see that chances for this downside move are valid, where we await confirmation wiht four-hour closing below this level. Four-hour closing above this level could push the pair to the upside without the need to touch the mentioned support level, mentioned in this morning's report, at 1.4125.
The trading range for today is among the key support at 1.4020 and the key resistance at 1.4550.
The general trend is to the downside as far as 1.4720 remains intact with targets at 1.2120.
Support 1.4215 1.4170 1.4125 1.4070 1.4000
Resistance 1.4320 1.4375 1.4410 1.4475 1.4550
Recommendation Our morning expectation remains valid